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- EUR/KRW is currently trading around 1,309 mark.
- Pair made intraday high at 1,309 and low at 1,305 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,298 mark.
- A sustained close above 1,306 will take the parity higher towards key resistances around 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
- On the other side, a daily close below 1,306 will drag the parity down towards key supports around 1,298, 1,286, 1,277, 1,267, 1,258, 1,246, 1,234 and 1,222 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Seoul shares open down 0.06 pct.
- Korea, South June 2018 service sector output growth increase to 0.2 (previous -0.1).
- Korea, South June 2018 industrial output growth decrease to -0.6 (forecast -0.4, previous 1.2).
- Korea, South August 2018 BOK manufacturing BSI decrease to 74 (previous 81).
We prefer to take long position on EUR/KRW around 1,307, stop loss at 1,298 and target of 1,315/1,327.
